Explain enterprise resource planning (ERP) application programs
What will be an ideal response?
ERP vendors design application programs to be configurable so that development teams can alter them to meet customer requirements without changing program code. Accordingly, during the ERP development process, the development team sets configuration parameters that specify how ERP application programs will operate.
There are limits to how much configuration can be done. If a new ERP customer has requirements that cannot be met via program configuration, then it either needs to adapt its business to what the software can do or write, or pay another vendor to write, an application code to meet its requirement. Thus, choosing an ERP solution that has applications that function close to the organization's requirements is critically important to success.
You might also like to view...
How might a consumer view a price cut?
What will be an ideal response?
Voellers Upholstery Co. produces inexpensive leather chairs. The average selling price for one of the chairs is
$400. The variable cost per chair is $250. Voellers has average fixed costs per year of $450,000. a. What is the break-even point in units? b. What is the break-even point in dollar sales? c. What would be the operating profit or loss associated with the production and sale of (1 ) 3,000 chairs, (2 ) 4,000 chairs?